In June 2021 Malta was placed on the grey list by the Financial Action Task Force (FATF). The
'grey list' officially refers to Jurisdictions Under
Increased Monitoring and essentially includes countries that have
significant deficiencies in their AML and CFT framework. Other grey listed
countries include Albania, Cayman Islands, Yemen, South Sudan and
Panama, amongst others.
Fortunately, the grey list is updated by the FATF regularly and
thus if countries commit to implementing the necessary reforms and
thus improving their AML and CFT framework to bring it in line with
FATF standards then it is possible that they are removed from the
same.
This being said, the FATF will be visiting Malta to confirm that
the discussed action plan has been completed. Completion of the
said action plan may result in the removal of Malta from the grey
list. The date of such visit by AML experts has not been confirmed
however such onsite visit will be taking place at the
